Yes Bank rose 1.34% to Rs 355.30 at 10:16 IST on BSE after the bank said it has successfully raised Rs 1500 crore of Basel III compliant Tier-II bonds through private placement basis.
The announcement was made after market hours yesterday, 3 October 2017.Meanwhile, the S&P BSE Sensex was up 136.58 points or 0.43% at 31,633.96.
On the BSE, 73,000 shares were traded on the counter so far as against the average daily volumes of 2.72 lakh shares in the past one quarter. The stock had hit a high of Rs 355.80 and a low of Rs 351.20 so far during the day. The stock had hit a record high of Rs 383.25 on 21 September 2017 and a 52-week low of Rs 218.25 on 26 December 2016.
The stock had underperformed the market over the past one month till 3 October 2017, sliding 1.27% compared with the Sensex's 1.24% fall. The stock had, however, outperformed the market over the past one quarter, advancing 17.39% as against the Sensex's 0.88% rise. The scrip had also outperformed the market over the past one year, gaining 37.91% as against the Sensex's 11.52% rise.
The large-cap bank has equity capital of Rs 458.03 crore. Face value per share is Rs 2.
Yes Bank said it has successfully raised Rs 1500 crore of Basel III compliant Tier-II bonds through private placement basis. The date of maturity of bonds is 1 October 2027. Interest offered is 7.8% per annum.
Yes Bank's net profit rose 31.9% to Rs 965.52 crore on 21.5% growth in total income to Rs 5785.96 crore in Q1 June 2017 over Q1 June 2016.
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Yes Bank is one of the leading private sector banks in India. The bank's branch network stood at 1,020 branches and ATM network stood at 1,796 as on 30 June 2017.
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